Downtown New Albany Redevelopment Opportunity. The subject property consists of approximately 0.51 acres of development land located on W 5th Street in downtown New Albany, Indiana, directly across the Ohio River from Louisville, Kentucky. The site is positioned within the city’s “D-Downtown” zoning district, allowing for a broad range of commercial, mixed-use, hospitality, office, and entertainment development opportunities. Strategically located just west of I-64 and minutes from downtown Louisville, the property benefits from excellent regional accessibility and visibility within one of Southern Indiana’s most active urban redevelopment corridors. The surrounding area includes a growing concentration of restaurants, breweries, boutique retail, entertainment venues, and mixed-use redevelopment projects that continue to drive investment interest in downtown New Albany. The site is situated within the Louisville MSA, a regional economy supported by logistics, healthcare, manufacturing, and professional services. Over 420,000 residents live within a 10-mile radius, with continued household growth projected through 2030. While the downtown zoning district generally supports higher-density residential and mixed-use projects, investors should note that the City of New Albany currently has a temporary moratorium on new non-owner occupied multifamily residential land uses as part of an ongoing zoning ordinance update anticipated later this year.